The St. Joe Company (NYSE:JOE) Major Shareholder Sells $136,329.00 in Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 2,900 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the transaction, the insider now owns 16,940,624 shares in the company, valued at approximately $796,378,734.24. The trade was a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Stock Down 1.9 %

JOE opened at $45.91 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 38.91 and a beta of 1.30. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69. The company’s 50-day moving average price is $47.15 and its two-hundred day moving average price is $50.61.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $104.30 million for the quarter.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is currently 44.09%.

Institutional Trading of St. Joe

Several hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in shares of St. Joe by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock valued at $1,738,000 after purchasing an additional 236 shares during the period. Arete Wealth Advisors LLC raised its position in shares of St. Joe by 5.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 243 shares during the period. Carmel Capital Partners LLC raised its position in shares of St. Joe by 4.6% in the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 375 shares during the period. KBC Group NV increased its holdings in St. Joe by 35.8% during the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 391 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 430 shares during the period. Institutional investors own 86.67% of the company’s stock.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.